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Dec 28, 2012
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all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. there we don't think the china recovery and the better tone in europe are fully priced.
all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence...
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Dec 28, 2012
12/12
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FBC
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this is a cat and mouse game china is playing ever since the internet was introduced to china a couple decades ago. it is the latest in a series of restrictions. internet pages already been blocked. usually foreign websites but what china is discovering it is not the outside world they need to be afraid of but the chinese people who want more freedom. >> for inventors looking at companies in china or doing business in china this would seem to be the beginning of real problem. i mentioned in the commercial break this is why nations fail. you cannot have economic growth but political exclusion. what you have in china with eighty two million members of the communist party who enjoy the benefits and prosperity of their economy your paper has been doing the expose of 160 members of the people's paradiso politburo who are getting incredibly wealthy and their own citizenry understand they are being robbed. don't have a eventually rise up? >> they do. a fallacy about china is all the chinese people are happy because the country has seen such a great expansion of wealth and prosperity since the
this is a cat and mouse game china is playing ever since the internet was introduced to china a couple decades ago. it is the latest in a series of restrictions. internet pages already been blocked. usually foreign websites but what china is discovering it is not the outside world they need to be afraid of but the chinese people who want more freedom. >> for inventors looking at companies in china or doing business in china this would seem to be the beginning of real problem. i mentioned...
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states refusing to sign on the other side russia and china some other states happily signing that that agreement is it could it be called an internet cold war starting definitely not and i could hardly grieve that it was a kind of a failure because we have like eighty nine countries already who openly schol dear editor and openly agreed to sign the new document. even though the they're just eighty nine countries many remaining countries they are still in the process of signing ok let's just zoom in on the russia itself for a second. russia was one of those pushing at this summit for more regulation of of what was to was called a national segment of the internet first of all could you just help me i find that an odd concept of the national segment of the internet how do you define a national psyche in something that everyone really thinks of as as without boundaries as a as a global phenomenon you know my personal edited to add to what happened in the way and to it exactly to the coverage must media. it seems to me that musk media definitely overreacted on what was actually written in t
states refusing to sign on the other side russia and china some other states happily signing that that agreement is it could it be called an internet cold war starting definitely not and i could hardly grieve that it was a kind of a failure because we have like eighty nine countries already who openly schol dear editor and openly agreed to sign the new document. even though the they're just eighty nine countries many remaining countries they are still in the process of signing ok let's just...
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Dec 28, 2012
12/12
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FBC
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stuart: what happens if china cannot maintain its explosive growth rate? it used to grow at 10% or 11% and now is down to 7% growth. if it fell to 4% or 5%, that could be a catalyst for serious political unrest, couldn't it? >> yes. at 10% growth, a lot of people are getting richer and if some people a superridge that is okay because most of us a doing well. at 7% there are fewer people doing well. at 4% fewer so you get more people saying wait a minute, my life is not getting better and meanwhile that guy in the party is the billionaire. this is intolerable. if they can't hold the growth, it is a payoff to people saying we are corrupt and ridge but you are doing okay. if they can't hold growth the people don't pay off any more and you will get more resentment. stuart: the heritage foundation, a fascinating stuff. please come back and keep us up to date on what could be an explosive situation. thank you. vladimir putin banned americans from adopting russian children. my take on obama's latest foreign policy failure. >> this is what is coming to me. this is
stuart: what happens if china cannot maintain its explosive growth rate? it used to grow at 10% or 11% and now is down to 7% growth. if it fell to 4% or 5%, that could be a catalyst for serious political unrest, couldn't it? >> yes. at 10% growth, a lot of people are getting richer and if some people a superridge that is okay because most of us a doing well. at 7% there are fewer people doing well. at 4% fewer so you get more people saying wait a minute, my life is not getting better and...
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Dec 28, 2012
12/12
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industrials when the economy started to slow due to the blow up in europe and fast-growing markets like china slammed on the brakes with higher interest rates, you got obliterated. how about if you owned too many banks right before the financial crisis hit? i know a lot of people who did, by the way, they had such good yields going into the dotcom bust, where the ruination occurred, something then soured an entire generation of people on investing. spread your money across stocks in related sectors so when something happens and makes one of them go down hard the rest remain relatively unscathed. sometimes you can go higher. your basic diversification is mandatory in cramerica. if you're prepared for anything, not enough to make sure your stocks don't overlap, you need a portfolio that works in all kinds of markets, so tonight i want to explain and refine what i like to call the new diversification, how to protect your wealth and ensure you own something that works in increasingly chaotic, difficult, unforgiving, nauseating miserable market where diversified by sector alone can not be enough.
industrials when the economy started to slow due to the blow up in europe and fast-growing markets like china slammed on the brakes with higher interest rates, you got obliterated. how about if you owned too many banks right before the financial crisis hit? i know a lot of people who did, by the way, they had such good yields going into the dotcom bust, where the ruination occurred, something then soured an entire generation of people on investing. spread your money across stocks in related...
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Dec 28, 2012
12/12
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KRON
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number five-- china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 20-20, for sure by 20-30. china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear it's both a competitor and a partner. number four-- europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three-- the housing market finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods. but first-time buyers were also able to get a home of their own for the first time in years, as long as they had a hefty down payment. number two-- the election. more than just about obama and romney. it was about socialism and capitalism. it was about spending and cutting, about what kind of role government should have in your life. number one is the fiscal cliff. lawmakers saw it coming but did
number five-- china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 20-20, for sure by 20-30. china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear it's both a competitor and a partner. number four-- europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three-- the housing market finally, finally...
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Dec 28, 2012
12/12
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CNNW
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i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech, we'd never hear from him again, but he does have a life after the presidential campaign. this video involving chickens. >> is the average american taxpayer feeding big government? >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's somethi
i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech,...
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Dec 28, 2012
12/12
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. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's something in there that explains why we like herman cain. >> but sad reality, he was the republican front-runner. >> everybody was the republican front-runner! will was? >> never have chicken wings at a godfather's pizza. >> the next
. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that...
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80
Dec 28, 2012
12/12
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FBC
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eye 80
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we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank you, great to see you. happy new year. >> thank you, go rg iii. dagen: yeah, babe! we'll kick the cowboys you know what into mexico. drew, thank you, be well. end on a positive note. positive newses too for the housing market, recovery on the way. anthony sanders is here saying washington better not screw it up. in a show of arms, iran's military moves and what that means for the price of oil and gasoline here at home. look at how oil is trading today, well above $90 barrel a mark, down just slightly, but close to 91 bucks. ♪ [ male announcer ] at scottrade, you won't just find us onli, you'll also find us in person, with dedicated spo teams at ove500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no won
we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank you, great to see you. happy new year. >> thank you, go rg iii. dagen: yeah, babe! we'll kick the cowboys you know what into mexico. drew, thank you, be well. end on a positive note. positive newses too for the housing market, recovery on the way. anthony sanders is here saying washington better not screw it up....
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Dec 28, 2012
12/12
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CNBC
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it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night.
it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency...